District of Columbia Employee Confidentiality and Assignment of Inventions Agreement

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Multi-State
Control #:
US-ET0710AM
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Word; 
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This is a model contract form for use in business settings, an Employee Confidentiality and Assignment of Inventions Agreement. Available for download in Word format.
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FAQ

A Confidential Information and Invention Assignment Agreement requires that all confidential information disclosed remains confidential, and that anything created, or improved upon, on behalf of the company will be exclusively owned by the company.

An inventions assignment agreement is a typical feature of an independent contractor or employee agreement where the worker agrees to assign any intellectual property rights arising from the worker's services to the company.

Also known as Proprietary Information and Inventions Assignment Agreements (or PIIAAs), Confidential Information and Inventions Assignment Agreements ensure that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer.

Confidentiality agreements such as non-disclosure agreements (NDAs) are used to keep valuable ideas pertaining to new businesses, inventions, intellectual property, or proprietary processes from reaching the public or competitors.

Whereas NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data, confidentiality agreements are typically devised in employment or personal situations to protect sensitive information.

I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company; (ii) result from work performed by me for the Company; or (iii) relate to the Company's business or current or anticipated research and development, will be the sole and exclusive property of the ...

A confidentiality agreement should include a clear definition of the confidential information, scope of the agreement, obligations of the receiving party, the duration of the contract, any exceptions to confidentiality, and the consequences of a breach of the contract.

Intellectual property assignment is a process in which the ownership of a work product created for an entity by an employee or consultant is transferred to the entity. Typically, an employee or consultant will sign an agreement that explicitly assigns any intellectual property created during service with the company.

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District of Columbia Employee Confidentiality and Assignment of Inventions Agreement